I went short about two weeks ago when i discovered that producers have stopped hedging. They know something.

Another element that i’ve not heard discussed is that with with storage capacity utilization at a record level these producers sitting on mountains of stored NG (and massive recurring storage expenses) have more incentive than usual in seeing prices rise drastically. Considering that rig counts are dropping substantially it seems they are doing their part to get prices up.
Fracking is producing more than rigs now but this method has the political pressure as Vermont banning it this week shows.